Owning the building for your cosmetology school can be a game-changing investment, but is it the right move for you? In this episode of The Cosmetology School Accounting Podcast, host Desarie Anderson walks you through the critical factors you need to consider before making this major financial decision. Whether you’re currently leasing and thinking about buying in the future or you’re ready to take the plunge now, this episode will provide the roadmap to set yourself up for success.
Desarie reveals the three essential must-haves that every school owner needs before purchasing property:
✅ Good Business Records – Your school’s financial history plays a key role in securing a commercial loan and proving to lenders that you’re a responsible business owner.
✅ Money in the Bank – Cash flow isn’t just about making money; it’s about keeping enough reserves to cover down payments, unexpected costs, and financial stability during lean months.
✅ A Trustworthy Commercial Realtor – Finding the right building is about more than just location. A knowledgeable real estate professional can help you find a property that aligns with your business goals and budget.
If you’ve ever considered owning your building instead of leasing, this episode is packed with insights and strategies to help you make a smart, informed decision.
Owning the building for your cosmetology school can be a game-changing investment, but is it the right move for you? In this episode of The Cosmetology School Accounting Podcast, host Desarie Anderson walks you through the critical factors you need to consider before making this major financial decision. Whether you’re currently leasing and thinking about buying in the future or you’re ready to take the plunge now, this episode will provide the roadmap to set yourself up for success.
Desarie reveals the three essential must-haves that every school owner needs before purchasing property:
✅ Good Business Records – Your school’s financial history plays a key role in securing a commercial loan and proving to lenders that you’re a responsible business owner.
✅ Money in the Bank – Cash flow isn’t just about making money; it’s about keeping enough reserves to cover down payments, unexpected costs, and financial stability during lean months.
✅ A Trustworthy Commercial Realtor – Finding the right building is about more than just location. A knowledgeable real estate professional can help you find a property that aligns with your business goals and budget.
If you’ve ever considered owning your building instead of leasing, this episode is packed with insights and strategies to help you make a smart, informed decision.
Episode Title: Budgeting Basics for Cosmetology Schools
Episode Highlights:
Why Budgeting Matters
Step 1: Understand Your Income Sources
Step 2: Categorize Expenses
Step 3: Strategic Growth Planning
Step 4: Track and Adjust
Common Budgeting Pitfalls
Practical Tools for Budgeting
Key Takeaways:
Resources Mentioned:
Actionable Tips:
Connect with Desarie Anderson:
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